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Name | Symbol | Market | Type |
---|---|---|---|
Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.13 | -1.31% | 9.80 | 9.79 | 9.95 | 10.05 | 9.79 | 10.01 | 107,753 | 21:02:13 |
Swatch Group AG (UHR.VX) may still reach its goal to post sales of 8 billion Swiss francs ($8.5 billion) this year, the watchmaker's chief executive tells weekly NZZ am Sonntag.
"We continue to fight to reach our goal of 8 billion francs in total sales," despite headwinds from the strong franc, Nick Hayek said.
Swatch is affected heavily when the franc is strong because the watchmaker produces 90% of its products in Switzerland, of which around 90% are being sold abroad, he said.
For the six months to June 30, Swatch reported sales of CHF3.85 billion, a rise of 14% from the year-earlier period.
Newspaper website: http:www.nzz.ch
Write to Anita Greil at anita.greil@wsj.com
Order free Annual Report for The Swatch Group AG
Visit http://djnweurope.ar.wilink.com/?ticker=CH0012255151 or call +44 (0)208 391 6028
Order free Annual Report for The Swatch Group AG
Visit http://djnweurope.ar.wilink.com/?ticker=US8701231065 or call +44 (0)208 391 6028
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